After almost one month of waiting for the Knomo iPhone 5 cases, i decided to cancel my pre-order and get myself one of these almost identical leather pouch.
http://www.icaseleather.com/iphone_4s_bortok_1/thin_series_1 (they arent up to date, and i know the site says the pouch is for 4s)
I talked to the manufacturer and they were very very helpful. I ordered a black one for my i5 via phone.
These are 5900 HUF which is like 27 bucks. They offer free "shipping" in Hungary, so i was really happy. They produce these pouches in a small village, called Bonyhad, in a leather factory, they are all hand made. Cant wait to see and feel how it is. There isnt a big variety "inside sewn" genuine leather pouches out there.
Just got the case, and i must say that its by far the best leather pouch i have ever tried (in my oppinion its even better than the Knomo and even better than the Sena cases). Fits the i5 perfectly, its tight, very very well made, and the sizing is perfect as its almost adding NO bulk to the phone. I highly recommend this for anyone who is looking for something elegant, minimalistic, and real. And because it is genuine leather its going to get better and better with time!
and here are some pictures:


